Uber defined as a "ploy by the finance industry to profit off the destruction of unionized companies and public transit" sounds just about right.https://twitter.com/PostCultRev/status/949719890021171200 …
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While in theory this might be the plan, the well documented track-record of their management and their financiers tells a rather different story.
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I am not sure if it is even valid at the theoretical level. Uber is based on price arbitrage, artificially cutting prices to monopolize the market. This huge negative balance sheet is filled up by free money printed by the US Fed. This model is not possible in any other country.
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we need a decentralized ecosystem where uber-like service could co-exists... otherwise that's just a theory...
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